In Q3, the commercial real estate investment market revived and was accompanied by a much greater optimism than during the previous periods of 2021. Logistics and industrial space are still the leaders among the sectors. An important event was again the change of ownership of the Warsaw Metropolitan office building, the value of which exceeded PLN 1 billion
Following a very cautious and restraining period of making decisions, the past quarter brought a lot of optimism. Looking at it and assessing it widely, it cannot be said that the health crisis made the Polish market disappear from investors' radars. On the contrary, the following months showed that the domestic economy, compared to others, has solid foundations, can withstand economic turmoil quite well, and the real estate market still has a great deal to offer. The pandemic also gave some very strong development impulses, for example in e-commerce and the logistics and industrial sector, or in the smaller commercial format sector. The good end of the year, may yet herald a return to the development path in the coming years.
Mateusz Skubiszewski, Head of Capital Markets, BNP Paribas Real Estate
In Q3, the sale of the Metropolitan office building at Piłsudskiego Square was finalised. The Warsaw market followed this transaction with a great interest. The increase in the value of one of the most recognizable and prestigious properties with renowned tenants is one of the signs of the stability of our market
Małgorzata Fibakiewicz, Head of Business Intelligence Hub, BNP Paribas Real Estate.
New Course: Diversification
The need to diversify capital, achievable capitalization rates and the various options offered by the Polish market, as well as a base in the form of developing infrastructure, low unemployment, human resources, foreign investments in many developing sectors and staying ahead of countries with the fastest growing GDP, all of this bodes well for the results in the coming years. It also indicates that Poland's investment attractiveness has not diminished
Marta Gorońska-Wiercioch, Associate Director, Capital Markets, BNP Paribas Real Estate